Bank beats EPS consensus while revenue is slightly ahead
Bank of America Corp. on Tuesday said a rise in clients and accounts across its business helped boost its third-quarter profit.
Revenue rose to $25.2 billion from $24.5 billion in the year-ago quarter, and was slightly ahead of the FactSet consensus of $25.13 billion.Analysts have trimmed their profit only slightly from the forecast of 83 cents a share set at the start of the quarter, as Bank of America’s large consumer banking unit benefited from a relatively strong U.S. economy and jobs picture.
The bank managed through a “healthy but closing economy that saw U.S. consumer spending still ahead of last year but beginning to slow.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shakeup in TNL Top 10: Piper Warriors break into top 10, Reagan holds No.1 spotSAN ANTONIO - It was another thrilling week of high school football and we've got a shakeup in our TNL Top 10.The Piper Warriors (6-1) break in at No. 10 after
Read more »
10 Best Disney Movies Of The Past 10 Decades (Yes, Disney Is Now 100 Years Old)Happy 100th Birthday Disney! The House of Mouse has been making films for a century, so it's time to celebrate the most impactful of each decade.
Read more »
Earnings Tuesday: Bank of America, Goldman Sachs continue parade of bank reportsFollow along with MarketWatch's live coverage of Tuesday's earnings slate.
Read more »
Earnings Tuesday: Bank of America, Goldman Sachs continue parade of bank reportsFollow along with MarketWatch's live coverage of Tuesday's earnings slate.
Read more »
FOX 10 SalutesArticles and videos about FOX 10 Salutes on FFOX 10 Phoenix.
Read more »
Amid a rocky market in preferred securities, Bank of America finds opportunityBank of America is cautious on preferred securities, but sees some relative value in these names.
Read more »